Ethereum (ETH) Price Prediction: 65% Upside Potential by June as It Retests Multi-Year Support

Ethereum's native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025.

Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from highs of around $4,100 in December 2024 to as low as around $1,750 in March 2025.

However, the token is now well-positioned for a sharp price rebound.

65% ETH price rebound in play by June

From a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone.

Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.

ETH/USD two-week price chart. Source: TradingView

As of March 23, the ETH/USD pair was last seen trading around $2,000, closely approaching the support area mentioned above. A bounce from this zone can propel the token toward $3400 by June—up 65% from current prices.

This level coincides with the lower boundary of Ether’s prevailing descending channel resistance.

Source: Ted Pillows

Conversely, a decline below the support zone could push the ETH price toward the 200-2W exponential moving average (200-2W EMA; the blue wave in the first chart) at around $1,560.

BlackRock’s crypto funds hold over $1B in ETH

Ether’s bullish outlook comes as institutional confidence in Ethereum grows stronger.

Data from Token Terminal shows that BlackRock’s BUIDL fund now holds approximately a record $1.145 billion worth of Ether, an increase from around $990 million a week ago.

Capital deployed across BlackRock’s BUIDL fund. Source: Token Terminal

The fund primarily focuses on tokenized real-world assets (RWAs), with Ethereum being the dominant base layer. While the fund diversifies across chains like Avalanche, Polygon, Aptos, Arbitrum, and Optimism, Ethereum remains its core allocation.

BlackRock’s latest addition of ETH highlights the growing institutional interest in the token, particularly for its role in RWA tokenization.

Related: Ethereum open interest hits new all-time high — Will ETH price follow?

Ethereum’s bullish case also comes amid a sharp uptick in whale accumulation.

The latest onchain data from Nansen reveals that since March 12, addresses holding 1,000–10,000 ETH have grown their holdings by 5.65%, while the 10,000–100,000 ETH cohort has seen a 28.73% increase.

Ethereum whale holdings. Source: Nansen

Although addresses with more than 100,000 ETH have remained relatively stable, this broader accumulation trend signals a rising conviction among large investors.